Clipping of news on Brazilian Culture, Law and Citizenship
05/11/2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Bank accounts
Source: Finance Women
You open the wallet and not even know which credit card use? Beware, as have many cards carries risks, such as financial disarray.
"The person ends up borrowing more and use the balance from one card to pay the bill on the other, to operators cut the credit and the person end up in front of a very large debt," said Ezequiel Penteado, professor of IBE-FGV, expert in Finance, Accounting, Taxation and Personnel Management.
He did even a warning about the high credit card interest rates - the highest paid in the market. In March, the average interest rate reached 432.24% per year, the highest level since October 1995, according to Anefac (National Association of Executives in Finance, Administration and Accounting). When you do not pay the full amount of the invoice, these are the interest that the carrier charges you.
If you have more than one credit card and want to arrange to have one, try swapping debt card for cheaper interest debts, such as payroll or bank loan. "One exchange debt for another, but with lower interest rates and so may have more flexibility and more time to pay," said the teacher.
According to him, when the person is very controlled and organized, you can even have two cards to have different payment periods. "But you must have a good control not to extrapolate (in spending)," he said.
There is a situation that deserves close attention: when you are interested in making a loan at a different bank than yours, the institutions often push you to open a checking account and send a new credit card. The practice is considered tying and fits complaint with the consumer protection agencies. Does not justify putting another card in the bag for bench press.
But the danger is not only that. Who has the habit of attending department stores already know a typical approach of vendors: offer discounts and best parts payment terms if you do store card. The big pitfall is that if you are not attentive to due dates, can pay interest absurd. Also, the bait only serves to make you consume more than you really need. Time to replace any parts in your closet, it is best to pay cash, just to avoid the consumption impulse.
If you are in debt, think carefully before applying for new credit cards. In addition to increased risk of debt, who have more than one card should take into account that will pay more fees and annual fees, which may increase the financial clutter.
So if you are a person with a history of financial lack, the most recommended is to put the bills on time, do a good planning expenses and have the least amount of credit cards. "Who has a good financial control does not usually have more than two," concluded hairstyle.
Source: Finance female
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This article was translated by an automatic translation system, and was therefore not reviewed by people.